- Demand for Signal and Telegram surged on privacy concerns
- With 400 million users, India is WhatsApp’s biggest market
- Facebook invested $5.7 billion (roughly Rs. 41,600 crores) in Jio
Facebook executives will field questions from a parliamentary panel on Thursday about the changes to WhatsApp’s privacy, a source said, days after the messaging platform was asked by the country’s technology ministry to withdraw them.
Demand for rival applications such as Signal and Telegram surged on privacy concerns and WhatsApp last week decided to delay the new policy launch to May from February.
With 400 million users, India is WhatsApp’s biggest market, and the messaging service has big plans for the country’s growing digital payments space, including selling health insurance via partners.
Facebook last year invested $5.7 billion (roughly Rs. 41,600 crores) in the digital unit of Mukesh Ambani-led conglomerate Reliance Industries, with a big part of that aimed at drawing in ten of millions of traditional shop owners to use digital payments via WhatsApp.